[gardarh]

From what I hear from my co-workers in the quality department (I work in a medical device company) it's even harder to get approval to go through regulation in China than in the US. And you most certainly cannot just base your company from Asia and sell your stuff to the rest of the world (unless of course you go through regulation in the rest of the world).

You might be able to find countries where regulation is less strict or non-existent but I'd imagine that people's trust in medicine in said countries is less than in the regulated ones (as you most certainly would have rouge players abusing the lack of regulation).

edit: Added last sentence in 1st paragraph